Key points
- Ore Reserves increased by 3.7% to 563,000 ounces of gold
- Total Mineral Resources estimated at 2.1 Moz gold
- Exploration continues to expand mineral resource base
Full summary
Alkane Resources Limited has announced the latest update to the Mineral Resource and Ore Reserve estimate for its Bjorkdal Operation in northern Sweden. Total Ore Reserves have increased by 3.7% to 563,000 ounces of gold, net of a depletion of 48,000 ounces due to production, with replacement through exploration. The Mineral Resources for the Bjorkdal Mine and the Storheden and Norrberget deposits are estimated to comprise 1.5 million ounces of gold in the Measured and Indicated Mineral Resource categories and 0.61 million ounces of gold in the Inferred Mineral Resource category. The increase is attributed to the inclusion of the Storheden deposit and additional near-mine material at Bjorkdal based on drilling completed by Alkane in 2025 and 2026. The Norrberget resource model remains unchanged from the previous estimate, with differences mainly due to the update of the cut-off grade applied. The announcement is accompanied by a Technical Report produced in accordance with NI43-101.
Guidance
Ore Reserves increased by 3.7% to 563,000 ounces of gold
Outlook
Continued exploration expected to expand mineral resource base, open pit mining to restart in October 2026